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Udall to Address the Senate Every Morning Until Wind Production Tax Credit Passes

Posted: Tuesday, June 12, 2012

Starting today, Mark Udall will head to the Senate floor and open each morning's session with a speech urging his colleagues to review and pass the Wind Production Tax Credit, which has brought thousands of jobs to Colorado and our country and helped grow the nation's clean energy industry.

"It is one thing for Congress to take the time to consider a new proposal and have an open, honest debate, but the Production Tax Credit is widely supported, will create jobs and has already helped our economy grow," Udall said.  "Until Congress acts, businesses here and across the country will shed jobs and take our economy backward.  Americans have had it with dysfunction and inaction on Capitol Hill.  It is unacceptable for Congress not to pass this common-sense and badly needed piece of legislation.  I plan to remind my colleagues of that every morning until the Production Tax Credit passes."

Udall will give a speech on the Senate floor when the body convenes each morning.  He plans to discuss the need for the Wind Production Tax Credit, how the credit affects each state and the implications of failing to pass the tax credit.

The Production Tax Credit for wind is set to expire at the end of this year.  The credit has helped attract clean energy businesses to invest in the United States, including Vestas, which created almost 2,000 jobs in Colorado with its manufacturing facilities in Pueblo, Windsor and Brighton.  With Congress failing to act on the Production Tax Credit, investors have held back millions of dollars in capital and declined to make any new commitments - which is set to cost Colorado and the nation thousands of jobs throughout the wind energy sector.  Other innovative, renewable energy industries, including biofuels and geothermal, also are facing threats because of Congress' failure to pass critical renewable energy tax credits.

"While Congress refuses to act, China and other countries are stepping into the breach.  Failing to pass the Wind Production Tax Credit effectively exports jobs, investment and business opportunities overseas," Udall said.  "Congress needs to act to keep the United States an open marketplace for these innovative energy industries.  The United States belongs on the cutting edge of renewable energy technology and on a path to secure our energy independence.  Congress can affirm that by passing the Wind Production Tax Credit."

 

By: Mike Saccone 202-224-4334
 
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